Kuwait Finance House Chairman Mohamed Ali AL-Khudairi praised his highness Sheikh Mohammed Bin Rashid AL Maktoum, UAE Vice President and Prime Minister's initiative of adding the Islamic economy sector to the major sectors of Dubaiís economy.
Al-Khudairi said that the UAE's initiative to bolster Islamic finance in the emirate will be positively reflected in the products and services offered by Islamic banks, including Sukuk, Takaful and the international arbitration involving Islamic contracts. He also mentioned the UAE's deep experience in Islamic banking, having launched the world's first Islamic bank, Dubai Islamic Bank, in 1975...............................................Full Article: Source